Option Care Health Inc (OPCH)

Number of days of payables

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		9.29	9.04	8.19	8.38	9.71	8.75	9.10	9.41	11.52	9.77	9.76	10.05	10.20	9.75	10.42	8.01	7.08	4.64	6.61	6.11
Number of days of payables	days	39.29	40.39	44.57	43.53	37.60	41.74	40.12	38.78	31.68	37.37	37.41	36.33	35.78	37.42	35.03	45.55	51.56	78.69	55.25	59.69

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.29
= 39.29

Option Care Health Inc.'s number of days of payables has fluctuated over the past eight quarters, ranging from a low of 44.92 days in Q4 2022 to a high of 53.27 days in Q2 2023. This metric indicates the average number of days the company takes to pay its suppliers or vendors. A higher number of days of payables may suggest that the company is taking longer to settle its accounts payable, potentially signaling cash flow concerns or strained supplier relationships. Conversely, a lower number of days of payables may indicate more efficient management of payables. It is important for the company to strike a balance between managing cash flow effectively and maintaining positive relationships with its suppliers.